Power Co. of Canada (TSE:POW) Price Target Raised to C$56.00

Power Co. of Canada (TSE:POW) had its price objective boosted by stock analysts at Jefferies Financial Group from C$55.00 to C$56.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 13.73% from the company’s current price.

POW has been the subject of a number of other reports. Cfra Research upgraded Power Co. of Canada to a “hold” rating in a research report on Thursday, March 20th. Cibc World Mkts upgraded Power Co. of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, February 7th. BMO Capital Markets lifted their price target on Power Co. of Canada from C$49.00 to C$52.00 in a research note on Friday, March 14th. CIBC raised shares of Power Co. of Canada from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$48.00 to C$55.00 in a research note on Friday, February 7th. Finally, Scotiabank raised their price target on Power Co. of Canada from C$56.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Friday, March 21st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$54.25.

Power Co. of Canada Stock Performance

Shares of POW stock traded down C$0.46 during trading on Monday, hitting C$49.24. The company had a trading volume of 235,991 shares, compared to its average volume of 2,699,081. The firm has a market capitalization of C$31.47 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock’s 50-day moving average price is C$49.28 and its 200 day moving average price is C$46.42. Power Co. of Canada has a one year low of C$36.08 and a one year high of C$52.09.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.